Eventbrite, Inc. (NYSE:EB) Receives Consensus Rating of “Hold” from Analysts

Eventbrite, Inc. (NYSE:EB) has earned a consensus recommendation of “Hold” from the six research firms that are currently covering the company, Marketbeat Ratings reports. Four analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $6.58.

Separately, BWS Financial reaffirmed a “buy” rating and issued a $7.00 price target on shares of Eventbrite in a report on Wednesday, November 13th.

Hedge Funds Weigh In On Eventbrite

Several hedge funds and other institutional investors have recently added to or reduced their stakes in EB. 272 Capital LP bought a new stake in shares of Eventbrite in the 3rd quarter worth approximately $255,000. Barclays PLC increased its stake in shares of Eventbrite by 151.8% in the 3rd quarter. Barclays PLC now owns 169,642 shares of the company’s stock valued at $462,000 after buying an additional 102,283 shares during the period. Public Employees Retirement System of Ohio increased its position in Eventbrite by 61.2% in the third quarter. Public Employees Retirement System of Ohio now owns 56,712 shares of the company’s stock worth $155,000 after purchasing an additional 21,525 shares during the period. State Street Corp raised its stake in shares of Eventbrite by 1.9% during the third quarter. State Street Corp now owns 1,758,915 shares of the company’s stock worth $4,802,000 after buying an additional 32,210 shares during the last quarter. Finally, Quadrature Capital Ltd raised its position in shares of Eventbrite by 42.2% during the 3rd quarter. Quadrature Capital Ltd now owns 74,798 shares of the company’s stock valued at $205,000 after acquiring an additional 22,192 shares during the last quarter. Institutional investors own 91.64% of the company’s stock.

Eventbrite Trading Down 4.5 %

NYSE:EB opened at $3.63 on Friday. Eventbrite has a 12 month low of $2.51 and a 12 month high of $9.20. The business’s 50-day moving average is $3.33 and its two-hundred day moving average is $3.82. The company has a debt-to-equity ratio of 1.34, a current ratio of 1.56 and a quick ratio of 1.56. The firm has a market capitalization of $351.68 million, a PE ratio of -40.33 and a beta of 2.27.

About Eventbrite

Eventbrite, Inc operates a two-sided marketplace that provides self-service ticketing and marketing tools for event creators in the United States and internationally. Its platform integrates components needed to plan, promote, and produce live events that allow creators to reduce friction and costs, enhance reach, and drive ticket sales.